Ohio

Ohio’s Department of Taxation implements all of the taxes for the state. These taxes include individual and business income taxes, employee withholding taxes, sales and use taxes, and various other taxes.

The general state sales and use tax rate for Ohio is 5.5%. Some counties also impose a sales and use tax.

Individual income tax is reported on Form IT 1040, which is due April 15. If the 15th falls on a weekend or holiday, taxpayers have until the next business day to mail the return. The tax rates for individual income taxes range from 0.649% to 6.555%.

Corporations report their income tax using Form FT-1120, Corporation Franchise Tax Report, with a due date of March 31. S corporations, partnerships, and LLCs use Form IT-1140, Pass Through Entity and Trust Withholding Tax Return, which is due by the fifteenth day of the fourth month following the close of the fiscal year.

Other Ohio taxes are the personal property tax, real property tax, alcoholic beverage tax, cigarette tax, commercial activity tax, withholding, motor fuel tax, public utility tax, and severance tax.

For additional information on Ohio taxes or to download forms, visit the Department of Taxation’s website at www.tax.ohio.gov.

If you are looking for a CPA, Accounting Firm, or Financial Advisor to assist you with your Ohio tax reporting, bookkeeping, or general accounting needs, you have come to the right place! Check out the CPA Search feature on this website.